Supreme Court Wants $200K Cash Deposit in Renakse Case
The Supreme Court has requested that the owner of Phnom Penh’s shuttered Renakse Hotel deposit $200,000 with the court as proof that it is able to pay compensation to the hotel’s former manager, a lawyer said yesterday. In 2008, the ruling CPP sold the French colonial-era hotel, located directly in front of the Royal Palace, to Alexson Inc for $3.8 million. The deal was done despite the hotel being leased to its long-time manager, Kim Chantha, who had a 49-year lease on the building. Since then, Ms. Chantha has refused the offered compensation from the CPP…
